Technology moves much faster than regulation. It wasn't the slap on the wrist that MS received that brought down its influence - it was Facebook, Apple, Google, and Amazon. Especially Apple and Google that made PCs less relevant to most users and developers.
In 2016, the government was in the process of forcing cable companies to allow third party set top boxes. The cable companies fought back, the government dropped the pursuit and guess what? Technology made the need much less relevant.
https://www.recode.net/2017/1/31/14453444/fcc-tv-open-set-to...
Now even though the cable company "won" they loss anyway. They are still losing cable subscribers and companies like DirecTV and Sling came along.
I pay $35 a month for DirecTVNow, get all of the cable channels I care about and in my local market, get all of the OTA channels (NBC, CBS, Fox, ABC, and the CW). While the government was fighting the last war - cable set top boxes - the industry had moved on to creating services that let you watch live TV anywhere - on your phone, tablet, internet connected set top boxes, game consoles etc.
While the government was worried about MS unbeatable dominance on the desktop, during the next 10 years, the battle had moved to mobile.